Brief: Big Lots Announces Execution Of $318 Mln Sale And Leaseback Agreement For Distribution Center And 26 Owned Store Locations

Former BL Stores

05/07/2023 13:11

July 5 (Reuters) - Big Lots Inc  BIG.N :
    * BIG LOTS ANNOUNCES EXECUTION OF $318 MILLION SALE AND
LEASEBACK
AGREEMENT FOR DISTRIBUTION CENTER AND 26 OWNED STORE LOCATIONS
    * BIG LOTS INC: ENTERED INTO A SALE AND LEASEBACK AGREEMENT
WITH
AFFILIATES OF BLUE OWL CAPITAL
    * BIG LOTS : INTENDS TO USE $100 MILLION OF PROCEEDS FROM
SALE AND
LEASEBACK DEAL TO FULLY PAY DOWN ITS SYNTHETIC LEASE ON APPLE
VALLEY DISTRIBUTION CENTER

Source text for Eikon:  ID:nPn5sv90ya 
Further company coverage:  BIG.N 

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